05189oam 2200733I 450 991078596860332120230801224947.01-136-26533-31-283-71098-60-203-10826-41-136-26534-110.4324/9780203108260 (CKB)2670000000269424(EBL)1047067(OCoLC)818866340(SSID)ssj0000796080(PQKBManifestationID)11425140(PQKBTitleCode)TC0000796080(PQKBWorkID)10787868(PQKB)10577233(MiAaPQ)EBC1047067(Au-PeEL)EBL1047067(CaPaEBR)ebr10617553(CaONFJC)MIL402348(OCoLC)820819471(EXLCZ)99267000000026942420180706e20121995 uy 0engur|n|---|||||txtccrLimitations on the business of banking an analysis of expanded securities, insurance, and real estate activities /R. Daniel PaceAbingdon, Oxon :Routledge,2012.1 online resource (177 p.)Routledge library editions. Banking & finance ;v. 25First published in 1995 by Garland Pub., Inc.0-415-75181-0 0-415-53932-3 Includes bibliographical references and index.LIMITATIONS ON THE BUSINESS OF BANKING An Analysis of Expanded Securities, Insurance, and Real Estate Activities; Copyright; LIMITATIONS ON THE BUSINESS OF BANKING AN ANALYSIS OF EXPANDED SECURITIES,INSURANCE, AND REAL ESTATE ACTIVITIES; Copyright; Contents; Chapter I Introduction; Motivation; Interstate Banking; Deregulation of the Savings and Loan Industry; Competition from the Insurance Industry; Competition from the Securities Industry; Securitization; Capital Markets; Globalization; Technology; A Question of Importance; Simulating the Risks and Returns of Expanded Bank PowersContributionsMore and New Measures; Expanded Data; Superior Classification of Industries; Risk-reducing Behavior; Legal Environment; Format; Chapter II The Regulatory Boundaries of Bank Activities; The Banking Act of 1933; Section 16; Section 21; Section 20; Section 32; Congressional Rationality and the GSA; The McFadden Act; The Bank Holding Company Acts of 1956 and 1970; The Depository Institutions Deregulation and Monetary Control Act of 1980; The Garn-St. Germain Depository Institutions Act of 1982; Significant Cases Concerning Bank Powers; Current Status of Bank Activity ExpansionRecent State DevelopmentsInsurance; Securities; Real Estate; Concluding Remarks; Chapter III Hypothetical Merger Simulation Using Earnings; Literature Review; The Empirical Studies; Methodolog; Individual Firm Profitability; Individual Firm Risk; The Hypothetically Combined Portfolio; A Brief Digression; The Base Case; The Beneficial Merger Case; The Data; The Results; Concluding Remarks; Chapter IV Evidence Using Cash Flow Variables; Cash Flow Measures; Methodology and Data; Cash Flow Results; Earnings Less Dividends; NearCash; FlowCash; Cash Flow Measurement Remarks; Consensus RankingsData CharacteristicsConcluding Remarks; Chapter V Summary; Accomplishments; The Regulatory Boundaries of Bank Activities; Hypothetical Merger Simulation Using Earnings; Evidence Using Cash Flow Variables; Areas Not Addressed by This Study; Economies of Scale and Scope; Social Costs and Benefits; Agency Costs; Merger Premiums; Mutual Organizations; Relative Measures; Only Public Firms; Capital Structure; Related Future Research; Different Measures; Bank versus Bank Holding Company Expansion; Geographical Diversification Through Product Diversification; Comparison to International BanksSimultaneous DiversificationA Financial Industry Perspective; Appendix A Simulation Run Example; Appendix B A Holding Period Return Extension; Market measure; Methodology; Results; Do Market Returns Change the Results?; References; IndexThis book is a study of how expanded bank powers could affect the banking industry in the US. Using contemporaneous measures, expanded data, a finer classification of industries, risk-reducing behavior, and the legal and regulatory environment this volume provides a more complete picture than earlier studies.Routledge Library Editions: Banking & FinanceBanks and bankingState supervisionUnited StatesBank holding companiesDeregulationUnited StatesBank managementUnited StatesComputer simulationBanks and bankingState supervisionBank holding companiesDeregulationBank managementComputer simulation.332.1332.1/0973332.10973Pace R. Daniel1963-,1561172MiAaPQMiAaPQMiAaPQBOOK9910785968603321Limitations on the business of banking3827678UNINA